Disney Seeks Strategic Partner for ESPN

From a Wall Street Journal story by Robbie Whelan and Dean Seal headlined “Disney Seeks Strategic Partner for ESPN”:

Walt Disney will likely seek a strategic partner in its ESPN sports business and is considering selling off other traditional TV assets, Chief Executive Robert Iger said.

In an interview with CNBC, Iger said the entertainment company’s legacy TV networks, including ABC and FX, “may not be core to Disney” and could be unloaded as the traditional television model continues to be upended by streaming.

The announcement came after the company said it would extend Iger’s contract through 2026.